OK Zimbabwe Limited has reported significant challenges, including a 52% decline in revenue to US$245 million, due to exchange rate distortions, liquidity constraints, and intensified competition from the informal sector.
The company posted a loss of US$25 million for the year ended March 31, 2025, attributed to supply chain disruptions, unstable exchange rates, and increased costs.
To address these issues, OK Zimbabwe has implemented cost containment measures, reduced overheads by 43.91%, and appointed interim leadership to steer the company towards recovery. A rights issue exercise raised US$20 million, and plans are underway to sell immovable properties to raise an additional US$10.5 million.
The company did not declare a dividend due to its loss position and the need to recapitalize the business.
The company is focusing on sustainability, investing in renewable energy, and enhancing customer service. Despite challenges, OK Zimbabwe remains committed to delivering long-term shareholder value and contributing to the communities it serves.
